SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Politics : Formerly About Advanced Micro Devices

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Alighieri who wrote (748653)10/22/2013 1:37:11 PM
From: i-node  Read Replies (2) of 1572377
 
>> Keep dreaming....

Yes, this was part of the propaganda campaign.

Rescission because someone got sick has been illegal for 15 years. The argument made against Wellpoint in 2009 was totally bogus; it turned out they had handled 200,000 cases of breast care in the previous year and there were exactly FOUR instances in which rescission occurred, and those four involved fraud.

Prior to 2009 instances of rescission amounted to less than 0.4% of insureds, and practically always involved fraud. Besides that, there was a specific appeal process that resolved many cases. And if that failed, the insurer was always faced with the threat of insanely expensive litigation.

As I previously stated, it simply wasn't a problem to begin with; the administration used it to sell this horrible, deadly legislation to the ignorant and gullible.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext